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Price and trend forecast of JWL for Tomorrow, Weekly, Monthly

Jupiter Wagons Limited

Symbol: NSE:JWL

ISIN: INE209L01016

373.40

As on 2024-04-12

96.30 (52W Low) 434.00 (52W High)

JWL's Today's Performance

Jupiter Wagons Limited started the day by opening at 376.00 today 2024-04-12. Its shares reached a high of 381.75 and dipped to a low of 371.30 in intraday. When the markets closed, JWL’s stock price settled at ₹373.40 per share. Also check out its key support and resistance levels.

JWL Buy/Sell Targets

Tomorrow, sell JWL when its price reaches ₹ 373.40 with a stop-loss order at ₹ 379.16. You can set the target price as ₹ 367.64 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of JWL for tomorrow's session along with weekly support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for JWL

Resistance Levels Value in ₹
Tomorrow Resistance 1 380
Tomorrow Resistance 2 386
Tomorrow Resistance 3 390

Important Supports for JWL

Support Levels Value in ₹
Tomorrow Support 1 369
Tomorrow Support 2 365
Tomorrow Support 3 359
Based on where the stock opens tomorrow, if JWL opens on a positive note, our first target will be ₹380. If Target 1 is achieved, we will aim for Target 2 which is ₹386.

But if JWL falls below the average value of ₹375.48, you can enter a sell side position with target number 1 - ₹369 and second target - ₹365 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of JWL

Looking at JWL, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, JWL has been on a Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for JWL is moderate bearish.

Tomorrow's Volume based share price Forecast for JWL

JWL's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is 10%.

Reversal detection for JWL

Predicted trend chart of JWL tomorrow for price forecast
JWL may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹380 in morning tomorrow
Target 1 tomorrow379
Target 2 tomorrow382
Target 3 tomorrow386
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with JWL's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if JWL opens on a positive note, our first target will be ₹379.67. If Target 1 is achieved, we will aim for Target 2 which is ₹385.93.

But if JWL falls below the average value of ₹375.48, you can enter a sell side position with target number 1 - ₹369.22 and second target - ₹365.03

JWL's Weekly Targets
1st Up Target 390.17
2nd Up Target 406.93
1st Down Target 363.97
2nd Down Target 354.53

As the week for JWL ended on bearish sentiments, we can expect further continuation of this sentiment. JWL's initial target will be 390.17 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 363.97 in the upcoming week.

Weekly OHLC Values
Open 392.50
High 397.50
Low 371.30
Close 373.40

Week for JWL started with an open price of 392.50, and the close was at 373.40. JWL reached the highest of 397.50 and dipped lowest up to 371.30 last week. This indicates a bearish sentiment for the week.

JWL full month swing targets
Monthly Up Target 1 416.37
Monthly Up Target 2 433.13
Monthly Down Target 1 337.77
Monthly Down Target 2 302.13

Targets of ₹416.37 can be expected to be reached in the coming month. Once JWL achieved this target, we can aim for the next upside target of ₹433.13.

JWL if fails to hold upside, down targets of ₹337.77 and ₹302.13 can be achieved by end of this month.

For complete three weeks if JWL is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

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Summary

JWL is expected to reach the target of 379.67 in tomorrow's trading session.

After achieving the initial target in JWL, we will aim for higher targets of 385.93 tomorrow.

However, if JWL starts to trade below ₹375.48, then we will shift our focus to the sell side and aim for down targets of 369.22 and 365.03.